Commercial Real Estate Asset Manager - Office & Industrial

Job Description

Employer:

DWS Group

Title:

Commercial Real Estate Asset Manager – Office & Industrial

Location:

Chicago

Job Code: #LI-MB1 #LI-03

As an Asset Manager you will be responsible for:

• Managing a portfolio of 12 to 14 Class A & B Office, Industrial, and Office flex assets (approx. 3–6 Million NRA; 250–400 tenants).
• Negotiate significant leases and oversee every aspect of the leasing process, including NPV preparation, tenant financial review and securitization, and review of commission invoices.
• Oversee direct property management and leasing services for each asset.
• Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition and disposition opportunities and continually review portfolio for value‑adding renovation, expansion or repositioning.
• Understand competitive positioning relative to rents, lease terms and overall occupancy, and maintain a competitive edge.
• Develop management, leasing and capital investment strategies, along with income/expense budgets for each asset, and present annual plans to the respective Portfolio Managers.
• Prepare quarterly reports presenting property performance and progress on strategic initiatives.
• Be responsible for asset performance against the associated benchmarks.
• Manage total capital improvements as a percentage of NOI at the respective properties.
• Manage relationships with contract managers and joint venture partners and provide oversight.
• Ensure accuracy of NOI, capital and cash projections.
• Review monthly, quarterly and annual reports produced by the Contract Manager to ensure they meet DWS requirements.
• Assist the Acquisitions Team with underwriting potential new acquisitions within your market.
• Work with the ESG Team to identify opportunities for green initiatives.
• Actively participate in the valuation process by providing market intelligence on assumptions.

• Proven institutional Commercial Asset Management experience focusing on Office and Industrial assets.
• Substantial experience asset managing multi‑tenant Office and Industrial investments.
• Proven experience in leasing, property operations, project management, construction, negotiations, accounting and reporting with ability to understand financial statements, investment pro‑formas, IRR and NPV calculations and analysis.
• Ability to effectively communicate with property management employees, portfolio managers, the investment committee and clients.
• Strong market analysis skills to support decisions concerning rent rates, capital improvement programs, leasing strategies and property repositioning.
• Understanding of acquisitions, financing, leasing and dispositions of commercial real estate assets.
• Ability to approve changes in scope of work and estimated construction contracts alongside the portfolio manager.
• Ability to respond rapidly to changes in the market.

The salary range for this position in Chicago is $130,000 to $212,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Some of our core benefits:

• Competitive Salary and Matched 401K Savings Plan
• Generous Paid Time Away plus Bank Holidays
• Physical and Mental Health Well‑Being benefits including health and life insurance plans and support of trained mental health first aiders.
• Family friendly benefits including generous parental leave packages and travel insurance.
• The opportunity to support our CSR strategy focusing on combatting climate change and achieving greater social justice. You can make donations to partnered organisations or take part in corporate volunteering opportunities.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. We are committed to creating a diverse and inclusive workplace that embraces dialogue and diverse views and treats everyone fairly. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds.

This is the principle of Connecting The Dots.

Applicants should review our privacy notice for details.